803, Red Residence
Sold prices and rental history: sold once, by the developer in May 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 803, Red Residence
What is 803 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 408 sqft
- Floor
- 8th of 22
- Parking
- B2-16
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 500K · May 2014
- Building
- Red Residence
About 803, Red Residence
803 is a studio of 408 sqft on the 8th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 18 May 2014 for AED 500,000, or AED 1,225 per sqft, 16% above the AED 1,060 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 5 August 2024, is AED 33,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 5,800 a year.
Sales and rents for 803 over time
803 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Red Residence, and where 803 sits
All 32 studios →803 last sold in May 2014 at AED 1,225 per sqft, 16% above what studios in Red Residence were fetching at the time (AED 1,060). Over the last 12 months studios sold for AED 415,000 to 485,000, around AED 1,102 per sqft, and rent for AED 21,000 to 48,000 a year. 803's AED 33,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Sep 202624 September 2026 | 408 sqft | 415,000 | 1,016 | ||
| 26 Nov 202526 November 2025 | 408 sqft | 485,000 | 1,188 | ||
| 23 Oct 202523 October 2025 | 408 sqft | 485,000 | 1,188 | ||
| 22 Sep 202522 September 2025 | 408 sqft | 425,000 | 1,041 |
Red Residence
Building330 apartments, studios to 2-bed over 22 floors in Dubai Sports City, completed in 2014 by ME Development. 27 sold in the last 12 months.
- Typical price per sqft
- AED 799 Up 6.5%
- Typical sale
- AED 630K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.8%
Other units on the 8th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | 1-bed | 758 sqft | AED 460KAED 460,000 · Jul 2019July 2019 | 55,000 /yr | |
| 802 | 1-bed | 734 sqft | AED 625KAED 625,000 · Jun 2017June 2017 | 45,000 /yr | |
| 804 | 1-bed | 832 sqft | AED 370KAED 370,000 · Jun 2022June 2022 | 49,350 /yr | |
| 805 | 1-bed | 831 sqft | AED 1.1MAED 1,100,000 · Jun 2015June 2015 | 44,000 /yr | |
| 806 | Studio | 408 sqft | AED 485KAED 485,000 · Nov 2025November 2025 | 37,000 /yr | |
| 807 | 1-bed | 734 sqft | AED 410KAED 410,000 · Aug 2019August 2019 | 30,000 /yr | |
| 808 | 1-bed | 758 sqft | AED 470KAED 470,000 · Nov 2023November 2023 | 52,000 /yr | |
| 809 | 2-bed | 883 sqft | AED 800KAED 800,000 · Jun 2017June 2017 | 60,400 /yr | |
| 810 | 1-bed | 761 sqft | AED 590KAED 590,000 · Jan 2026January 2026 | 69,000 /yr | |
| 811 | 1-bed | 734 sqft | AED 929KAED 929,031 · Jun 2011June 2011 | ||
| 812 | Studio | 408 sqft | AED 381KAED 381,112 · Oct 2011October 2011 | 29,700 /yr | |
| 813 | 1-bed | 825 sqft | AED 600KAED 600,000 · Nov 2024November 2024 | 52,000 /yr | |
| 814 | 1-bed | 828 sqft | AED 524KAED 524,000 · Dec 2023December 2023 | 55,000 /yr | |
| 815 | Studio | 411 sqft | AED 300KAED 300,000 · Oct 2021October 2021 | 21,000 /yr | |
| 816 | 1-bed | 734 sqft | AED 610KAED 610,000 · Mar 2025March 2025 | 50,000 /yr | |
| 817 | 1-bed | 761 sqft | AED 580KAED 580,000 · Dec 2025December 2025 | 60,000 /yr | |
| 818 | 2-bed | 934 sqft | AED 677KAED 677,111 · Sep 2013September 2013 | 36,000 /yr |
803, Red Residence in numbers
- Sold once: by ME Development on 18 May 2014 for AED 500,000, or AED 1,225 per sqft.
- Rented since December 2018 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 23,000 in 2022 and recovered to AED 33,000 by August 2024.
- At AED 33,000 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 5,800 a year (AED 14.13 per sqft).
- Studios in Red Residence sold for AED 415,000–485,000 in the 12 months to November 2026; the building's median across all types is AED 799 per sqft.
Source: Dubai Land Department. Updated 5 August 2024.
Questions about 803, Red Residence
What did unit 803 last sell for?
AED 500,000 on 18 May 2014, sold by the developer: AED 1,225 per sqft for 408 sqft. It is the only registered sale of the unit.
What is the rent for unit 803?
AED 33,000 a year on the contract signed on 5 August 2024. The previous contract, from August 2023, was AED 30,000; the unit has been rented since December 2018.
How big is unit 803?
408 sqft (37.9 sqm): a studio on the 8th floor of a 22-storey tower completed in 2014.
What is unit 803 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Red Residence sold for AED 415,000 to 485,000 in the last 12 months, around AED 1,102 per sqft.
Selling 803? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 803, Red Residence
Starts from the last sale price (AED 500K, 18 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →